The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-14
CONDITION OF THE MARKETS
Light Trading in Wheat, Accompanied
by Decidedly Steady Feeling.
Limited Trading in Corn. the Market Clos
ing a Shade Firmer than on Wednes-
day-0ats i'll Good Demand.
MONEY, BONDS AND STOCKS.
An Active, Feverish and Irregular, but Firm
I'm Strong Market

An Active, Feverish and Irregular, but Firm
to Strong Market.
NEW YORK, Oct. 13.-Money on call was
easy at 405 per cent, the last loan being
made at per cent, and closing offered at 4
per cent
Prime mercantile paper, Gas per cent.
Sterling exchange was strong and active at
81 81 for sxty-day bills, and 81 So for de-
mand.
The total sales of stocks today were 517, 694
shares. including the following: Canada
Southern. $3.50; Delaware. Lackawanna &
Western 80, 70o Erie, 23.3t0; Lake Shore. e.
755: Louisville Sc Nashville. f2745 Missouri
Pacific, r. 665 Northwestern 21.934 New Jersey
Central. A. 800. New York Central, $500, North
ern Pacific preferred, $3.50; Oregon Transcon-
tinental 1866; Reading, 140.270; St. Paul
60 235; Texas Pacific, $500 Union Pacific, I'll
$50: Western Union, sc. 3S5.
The stock market TO day very active,
feversh and irregular; but most OF the time
firm to strong The bears expected to have
things ALL their way, but good buying
early appeared in the market Reading became
especially firm stock and was very hard to Dor
row. which bad stimulating effect upon the
general list The bears" resisted the improve
with vigor, the result being feverish and
irregular market, with upward tendency.
The efforts to depress prices were concentrated,
especially upon the Rrangers. and St Paul IN
particular. which was forced down two points.
a
ton q Quincy dividend aud big in freight
rates supplemented by free selling of those
stocks, were made the utmost use OF. The
strength 10 foreign ,s exchange .bssv . wss
indicating free selling of stock in
this market by the foreigners. There
doubtedly some covering during the day. which
aided materially bringing about the frequent
rallies, and towards delivery hour the purchas-
ing of Reading assumed large proportions, and
the upward movement became still more decid-
I'd. The clique's support was very apparent.
and the feeling OF DEPRESSION entirely disap-
peared. though the temper of the room was not
specially builIsh The opening was active and
generally weak, hut Union Pacific was up per
cent. The list quite weak in the early deal
ines. after few small advances, with Union
Pacific and Louisville g. Nashville
specially weak. An improvements was
noticeable towards IL o'clock but the
grangers then became the leaders in weakness
A stronger tone developed after noon,
while the amount OF business done showed a
marked decrease. In the last hour. however, a
more decidedly strong tone was shown. aud
The close strong at or near the highest
fgures of the day. Almost every thing is higher
tonight. though San Francisco preferred lost
p, Norfolk Il Western preferred Ii, and Con-
so!idated Gas l per cent Colorado Coal is up 2;
Reading Il: Northern Pacific preferred. II:
Union Pacific, 1s; Jersey Central, Lake Shore
and Oregon & Transcontinental. IL each Texas
Pacific II; New England, IL Oregon Naviga-
ton, Missouri Pacific and Canada Southern,
each l Der cent.
Railroad bonds were heavy The only i'm
portant movement was advance in Northern
Pacific seconds from 963 TO so, all of which was
afterward lost Sales. 100000 St. Paul gold
sevens lost g. at 1885, Oregon Improvement irsts,
2 at "a: ST. Joe g. Grand Island firsts. 81 at o.
Green Bay incomes. 2. at 81; Mobile & Ohio first
debsntures, n, at 404.
Government bonds were dull AMI strong for
the tours
State bonds were dull and steady Closing
or Wara